proeconomy

/prəˈɛkənəmi/

Definitions

1. noun

An economy that is primarily focused on providing a high quality of life for its citizens, often characterized by strong social safety nets and public services.

“The country’s proeconomy has made it a popular destination for tourists and expats alike.”

2. adjective

Favoring or promoting a high standard of living and social welfare.

“The proeconomy policies of the new government have been widely praised by citizens.”

Synonyms

  • people-centered economy
  • social welfare economy

Antonyms

  • free market economy
  • laissez-faire economy